Monday Money Strategies: Unlocking Housing Support for Forsyth County Residents in a Challenging Market

Housing challenges are escalating in Forsyth County, impacting numerous families. Redfin reports that as of February 2025, Winston-Salem's median home prices reached $280,000, reflecting a 1.8% increase. Cost-burdened households account for 28% of residents, prompting concerns about evictions and scams exploiting vulnerable buyers. Nonetheless, programs like USDA's Section 504 Home Repair Initiative and local rehabilitation efforts offer vital support. These initiatives provide loans and grants to eligible homeowners, ensuring safer living conditions and promoting sustainable homeownership opportunities for low-income families. Visit www.co.forsyth.nc.us for further information.